TD Cowen Has Lowered Expectations for Silvaco Group (NASDAQ:SVCO) Stock Price

Silvaco Group (NASDAQ:SVCO) had its price target lowered by TD Cowen from $15.00 to $12.00 in a research note released on Thursday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

Several other equities analysts also recently commented on SVCO. Needham & Company LLC reiterated a “buy” rating and set a $19.00 price target on shares of Silvaco Group in a report on Wednesday, November 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $18.00 target price on shares of Silvaco Group in a research note on Wednesday, January 15th. Finally, Craig Hallum reduced their price target on Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $19.17.

Silvaco Group Stock Down 19.6 %

NASDAQ SVCO opened at $4.91 on Thursday. Silvaco Group has a 52 week low of $4.80 and a 52 week high of $21.59. The company has a fifty day moving average of $7.64 and a two-hundred day moving average of $9.58.

Hedge Funds Weigh In On Silvaco Group

A number of institutional investors have recently modified their holdings of the stock. Capital Research Global Investors boosted its holdings in shares of Silvaco Group by 19.9% in the fourth quarter. Capital Research Global Investors now owns 1,442,516 shares of the company’s stock valued at $11,656,000 after purchasing an additional 239,631 shares during the period. Samjo Management LLC bought a new stake in Silvaco Group during the 4th quarter valued at $5,230,000. First Eagle Investment Management LLC lifted its holdings in shares of Silvaco Group by 16.3% in the 4th quarter. First Eagle Investment Management LLC now owns 458,606 shares of the company’s stock worth $3,706,000 after buying an additional 64,142 shares during the period. Kennedy Capital Management LLC bought a new position in shares of Silvaco Group during the 4th quarter worth $1,823,000. Finally, Jane Street Group LLC bought a new position in shares of Silvaco Group during the 3rd quarter worth $2,788,000.

About Silvaco Group

Silvaco Group Inc is a provider of TCAD, EDA software and SIP solutions which enable semiconductor design and AI through software and innovation. The company’s solutions are used for process and device development across display, power devices, automotive, memory, high performance compute, photonics, internet of things and 5G/6G mobile markets for complex SoC design.